Tag Archives: similar business test

Talking Tax – Issue 72

Legislation and government policy

Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill and a more flexible similar business test introduced

On 30 March 2017, the Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 was introduced into Parliament. The proposed changes will provide companies and listed widely held trusts with better access to previous year tax losses, and provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets.

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